Textiles firm Trident announced Q1FY23 Result : Total Income increased by 13% YoY amounting to INR 16,717 million. Net Debt reduced by 28% amounting to 9,332 million as on 30th June 2022. Interim dividend of 36% declared for FY23. Net Revenue in Q1FY23 increased by 13%YoY to INR 16,717million as compared to INR 14,799 million in Q1FY22 EBIDTA for Q1FY23 stood at INR 2,588 million which translates into 15.5 % EBITDA margin Profit after tax for Q1FY23 reported at INR 1,238 million with PAT margin of 7.4 % Net Debt to EBITDA has increased slightly to 0.90x showcasing company’s dedication to improve its obligations. Net Debt to Equity has also decreased to 0.24x in FY22. Textile Segment Revenue stood at INR 13,436 million in Q1FY23 compared to INR 12,821 million in Q1FY22. EBIT for the segment stood at INR 1,248 million in Q1FY23 resulting into EBIT margin of 9.3%. Paper & Chemicals Segment Revenue stood at INR 3,235 million in Q1FY23 as compared to INR 1,950 million in Q1FY22 with 65.9% growth. EBIT for the segment increased to INR 876 million in Q1FY23 as compared to INR 593 million in Q1FY22 with 47.8% growth. Result PDF
Textiles company Trident Ltd declares Q3FY22 result: Total Revenue in Q3 FY22 stood at INR 19,611.2 million compared to INR 12,949.3 million in Q3 FY21 EBIDTA for Q3 FY22 stood at INR 4,063.4 million which translates into 20.7% margin. Profit after tax for the Q3 FY22 is INR 2091 million with PAT margin of 10.7% Net Debt increased in Q3 FY22 to reach level of INR 14,848.9 million as compared to INR 10,453.9 million as on 30th September 2021; Net Debt to Equity ratio stood at 0.41x Textile Segment Revenue stood at INR 17,059.3 million in Q3 FY22 compared to INR 11,077.7 million in Q3 FY21. EBIT for the segment increased to INR 2,870.7 million as compared to INR 1,445 million in Q3 FY21. Paper Segment Revenue stood at INR 2,519.5 million in Q3 FY22 as compared to INR 1,824.1 million in Q3 FY21. EBIT for the segment during the period stands at INR 580.7 million as compared to INR 389.2 million in Q3 FY21. Highest ever quarterly revenue achieved in Q3 FY22 amounting to INR 19,611.2 million Consistent quarterly EBITDA of INR 4063.4 million, with EBITDA Margin of 20.7% in Q3 FY22 Commenting on the performance, Mr. Rajinder Gupta, Chairman at Trident Group said: "The company has shown high resilience and displayed strong performance despite challenging environment. We will continue to create value and maintain Trident's excellence-centric mindset to achieve even stronger and better results in the coming years." Result PDF